Market Activity & Analysis

The US hide market drifted sideways, consolidating lower trade levels without seeing any major changes. The exception was a few jumbo selections where quotes were catching up to the latest move in the market. Seasonal HNS are still trading from $60 to $62, BBS from $55 to $56, and HTS, BS and CBS were in a close range around $50. Large supply and several other circumstances have brought the heavy Texas selection prices down close to CBS and BS…